🛑Professional technical analysis for BTC on the daily timeframe (1D)✅
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🔍 Overall market picture
• Current price: 87,373.95$
• Overall trend: Medium-term downtrend / Negative consolidation
• Current sentiment: Neutral ⚠️ (leans negative)
The price is trading below all moving averages (SMA & EMA), which means that control is still with the sellers, but the strength of the trend is weaker than ETH.
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📉 Technical indicators analysis
1️⃣ Moving averages (market direction)
• SMA20 / EMA20 (~89,800$):
➜ Very close dynamic resistance
• SMA50 / EMA50 (~94,500$):
➜ Strong resistance – the price previously failed to break it
• SMA100 & SMA200 (100k–108k):
➜ Confirms that the market is in a deep correction and not an active uptrend
📌 Clear downward arrangement → any current rise is corrective.
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2️⃣ Momentum (Momentum & Oscillators)
➜ Below 50 = negative momentum
➜ Far from selling saturation → additional downward space exists
➜ Relative selling saturation
➜ We might witness a short technical rebound
➜ Strong selling pressure during the last sessions
➜ Momentum below zero and strongly → sellers' dominance
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3️⃣ Direction Strength
➜ Existing trend but not very strong
➜ Explains the current Neutral state
➜ The market is closer to slow decline / negative consolidation
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4️⃣ Measuring selling saturation
• Close to selling saturation
• ⚠️ Weak rebound possibility, but no reversal confirmation
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🧱 Support and resistance levels
🟢 Supports:
1️⃣ 86,000$ – 85,500$
• Short-term support
• Breaking it with a daily close = clear negativity
2️⃣ 82,000$ – 83,000$
• Strong technical support (potential demand area)
3️⃣ 78,000$
• Downward target in case of accelerated selling
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🔴 Resistances:
1️⃣ 89,500$ – 90,000$ ❗
• First resistance + EMA20
• Break failure = selling opportunity
2️⃣ 94,500$
• Key resistance (EMA50 / SMA50)
3️⃣ 100,000$
• Psychological resistance + structural change of direction
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🎯 Expected scenarios
✅ Likely scenario (60%)
• Negative consolidation under 90k
• Break 86k
• Targeting:
➜ 83k
➜ Then 78k
📌 Selling from rebounds remains the best strategy.
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⚠️ Alternative scenario (40%)
• Technical rebound
• Rise towards:
➜ 89.5k – 90k
• Failure to close daily above it
• Then resuming the decline
📌 This is not a bullish reversal but a correction.
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🧠 Summary
• BTC has weaker momentum than ETH but has not reversed the direction
• Direction: Down / Negative consolidation
• Price under averages = continuous selling pressure
• Any current rise = better selling opportunity
